US Nov Budget Deficit $314B vs $301.05B Est. vs Nov 2022 Deficit $249B
Portfolio Pulse from Benzinga Newsdesk
The US reported a budget deficit of $314 billion for November, exceeding the estimated $301.05 billion and surpassing the deficit of $249 billion from November 2022.
December 12, 2023 | 7:04 pm
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The larger-than-expected budget deficit could lead to concerns about the fiscal health of the US, potentially impacting investor sentiment and the performance of SPY.
A higher budget deficit can signal increased government borrowing, which may lead to higher interest rates and reduced economic growth. This can negatively impact the broad market and ETFs like SPY that track the S&P 500, as investors may become more cautious, leading to a potential short-term decline in stock prices.
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